William Tuke Apartments Inc

Analysis

William Tuke Apartments Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, William Tuke Apartments Inc reported income of $175k and spending of $221k, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $159k to $175k (+10%), an average of +1.9% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, William Tuke Apartments Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Foley Housing Partners LLC ($175k), Westchester Management Group Inc ($175k) and Wilson Street Aprtments Inc ($175k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $532k against liabilities of $266k, net assets of $266k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.